FET has made a pretty sharp move this time: it jumped 1.52% in 15m, with volume surging to 3.49x. A Z-score of 3.56 shows this stretch has been anything but quiet.
But the OI makes things interesting: it edged down on both the 15m and 1h timeframes. Price is rising while positions are shrinking, which looks more like shorts covering or positions being closed out than fresh longs piling in and driving the move. The taker volume delta is 14%, and the buy/sell ratio is 1.32, so buyers are indeed more aggressive. The close also broke above the highs of the last 20 5m candles.
The anomaly percentile is 88.3%, ranking #11 across the entire pool, with notional change at #10—both near the top of the field. 24h trading volume is just over 160 million, and depth isn't too thin, so this price-volume combination is worth keeping an eye on. If OI starts rising along with price, that would signal real participation; if it keeps shrinking, the move may run out of steam once the short covering is over. For now, let's see if price can hold above the top of this range.
But the OI makes things interesting: it edged down on both the 15m and 1h timeframes. Price is rising while positions are shrinking, which looks more like shorts covering or positions being closed out than fresh longs piling in and driving the move. The taker volume delta is 14%, and the buy/sell ratio is 1.32, so buyers are indeed more aggressive. The close also broke above the highs of the last 20 5m candles.
The anomaly percentile is 88.3%, ranking #11 across the entire pool, with notional change at #10—both near the top of the field. 24h trading volume is just over 160 million, and depth isn't too thin, so this price-volume combination is worth keeping an eye on. If OI starts rising along with price, that would signal real participation; if it keeps shrinking, the move may run out of steam once the short covering is over. For now, let's see if price can hold above the top of this range.
